Analyst (New Grad Opportunity)

Duration: 6 months

Possibility of extension: Yes

Possibility of FTE: Yes

Working Hours: 9-5 pm (there is no OT)

Working Location: Chicago, IL

We are seeking a motivated and detail-oriented new graduate to join our team as an Entry-Level Anti-Money Laundering (AML) Analyst. As an AML Analyst, you will play a crucial role in supporting our organization's efforts to prevent money laundering and combat financial crimes. You will be responsible for assisting in the identification, analysis, and reporting of suspicious activities, ensuring compliance with relevant regulations, and contributing to the overall effectiveness of our AML program.

Key Responsibilities:

1. Transaction Monitoring: Conduct thorough reviews of customer transactions and account activities to identify potentially suspicious patterns or transactions that deviate from normal behaviour.
2. Alert Investigation: Analyzing alerts generated by our AML monitoring systems, conducting research, and gathering necessary information to determine if they warrant further investigation.
3. Customer Due Diligence (CDD): Assisting in the collection and verification of customer information, including Know Your Customer (KYC) documentation, to ensure compliance with regulatory requirements.
4. Suspicious Activity Reports (SARs): Preparing and filing SARs in a timely and accurate manner to report suspicious activities to the appropriate authorities.
5. AML Compliance: Keeping abreast of AML laws, regulations, and industry best practices to ensure adherence to evolving compliance standards.
6. Risk Assessment: Participating in risk assessment exercises to identify potential AML risks within the organization and developing mitigation strategies.
7. Collaboration: Working closely with cross-functional teams, including Compliance, Legal, and Operations, to share insights, coordinate investigations, and enhance AML controls.
8. Documentation and Reporting: Maintaining comprehensive records of investigations, research, and decisions made, and preparing regular reports on AML activities for management and regulatory agencies.
9. Training and Education: Participating in AML training sessions to enhance your knowledge and understanding of AML regulations, trends, and typologies.

Qualifications:

• Strong preference for new grads from American Universities
• An ability to work in a fast-paced environment with accuracy
• Bilingual (French/English is a strong asset)
• An affinity for learning- this role can be an excellent opportunity for candidates early on in their careers.
• Excellent communication skills

Pay Rate: $30/hr W2